Abstract

http://ssrn.com/abstract=2378460
 


 



What's your Identification Strategy? Innovation in Corporate Finance Research


Donald E. Bowen III


University of Maryland - Robert H. Smith School of Business

Laurent Frésard


University of Maryland - Robert H. Smith School of Business

Jérôme Taillard


Boston College - Department of Finance

April 6, 2015

Robert H. Smith School Research Paper

Abstract:     
We study the diffusion of techniques designed to identify causal relationships in corporate finance research. We estimate the diffusion started in the mid-nineties, lags 10 years compared to economics, and is now used in the majority of corporate finance articles. Consistent with recent theories of technology diffusion, the adoption varies across researchers based on individuals' expected net benefits of adoption. Younger scholars, with economics PhDs, and working for top institutions adopt faster. Adoption is accelerated through networks of colleagues and alumnis. Our findings highlight new forces that facilitate the diffusion of innovation and shape the norms of finance research.

Number of Pages in PDF File: 50


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Date posted: January 13, 2014 ; Last revised: April 6, 2015

Suggested Citation

Bowen, Donald E. and Frésard, Laurent and Taillard, Jérôme, What's your Identification Strategy? Innovation in Corporate Finance Research (April 6, 2015). Robert H. Smith School Research Paper. Available at SSRN: http://ssrn.com/abstract=2378460 or http://dx.doi.org/10.2139/ssrn.2378460

Contact Information

Donald E. Bowen III
University of Maryland - Robert H. Smith School of Business ( email )
College Park, MD 20742-1815
United States
Laurent Frésard (Contact Author)
University of Maryland - Robert H. Smith School of Business ( email )
College Park
College Park, MD 20742
United States
Jérôme Taillard
Boston College - Department of Finance ( email )
Carroll School of Management
140 Commonwealth Avenue
Chestnut Hill, MA 02467-3808
United States
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